Watch Now - Common Mistakes with ACA Reporting that Lead to IRS Penalty Letters
HRlogics • Mar 14, 2024
Access Our
On-Demand
Webinar
Pre-recorded Webinar
March 14 2024
Common Mistakes with ACA Reporting that Lead to IRS Penalty Letters
We invite you to watch our on-demand webinar session where our experienced and highly trained ACA subject matter experts will discuss common mistakes that may result in an IRS penalty letter.
Topics will Include:
- Insider Insights on Common Pitfalls
- Employer Mandate and Penalties
- Employer Reporting and Penalties
- Proactive Penalty Prevention
- Clerical Issues on the 1094 Forms
- How to Respond to a Penalty Letter and Mitigate the Penalty Amount
- Next Steps After Receiving a Penalty Letter
- Live Q&A session - Get answers to your specific questions
HRlogics ACA, has been a pioneer in ACA reporting since its inception in 2015. Our tenured and highly trained ACA subject matter experts will address the most pressing questions leading up to the reporting deadline.
Have Questions or Need More Information?
Understanding Affordability under the ACA: For the 2024 reporting year (adjusted annually), a healthcare plan is considered affordable if the lowest-cost self-only coverage option available to employees does not exceed 8.39% of any one of the three safe harbors provided by the IRS. Each safe harbor has its unique advantages tailored to different business models.
In this eBook, we will provide you with a step-by-step guide to ensure that
your business remains compliant with the ACA. We will explain the
definitions of different employee types and their eligibility for coverage, the
minimum essential coverage requirements, the reporting obligations, and
the potential penalties for noncompliance
